| Why Sell at Auction with
Breach Wood Ingram?
Breach Wood Ingram Land and Property Auctioneers are dedicated
specialists. We are not Estate Agents and do not compete in this sector
of the market. All properties we hold with instructions to sell are promoted
through the Auction process.
We work closely with introducer Estate Agents who assist with marketing,
promotion and distribute catalogues on our behalf.
Our team of valuers/appraisers can advise on the suitability of a property
for Auction and provide impartial advice without obligation or any initial
cost.
Why place your land or property for sale by Public Auction with
Breach Wood Ingram?
- Competitive bidding to achieve a maximum price
- Totally ‘transparent’ method of sale
- High success rates with realistic reserve prices, the confidence of
a sale on the day or shortly afterwards
- Excellent comprehensive track record of the principals in the property
industry
- High levels of interest can be generated and the atmosphere and excitement
at the Auction usually results in premium prices being achieved
- A timetable for your sale within a specified period. Exchange of contracts
at the Auction
- Avoids the possibility of a last minute downward re-negotiation of
price
- All properties can be offered subject to a protective reserve, a sum
below which the property will not be sold
- Usually six weeks pre-Auction advertising in the national, regional,
local and trade press. Not less than 6 Newspapers/periodicals carry
our prominent Auction advertisements each week
- On-line access to our own dedicated Auction website www.breachwoodingram.co.uk
- High quality colour catalogue that can also be downloaded from our
website
- Principals and Auction team always available to assist prospective
buyers
- Auctions conducted in accordance with Statutory regulations including
the Estate Agents Act 1979, Royal Institution of Chartered Surveyors
and RICS. Common Auction Conditions (www.rics.org/propertyauctions )
- Complete service of professional furniture valuation, furniture auction
sales, property clearance, property cleaning and property security can
be provided prior to Auction. This will be of particular interest to
Probate Lawyers, Executors and Beneficiaries
- Avoids possible acquisition of certain categories of empty property
by Local Authorities under current Housing legislation
The simple steps to a successful auction
result
To enter your land or property in one of our Auctions
Following your initial enquiry our response will be swift. We will visit
your property and provide a no obligation auction appraisal without cost,
to determine if it will be a suitable Auction lot. Auctions are ideal
for properties where it is difficult to establish final value, properties
that require improvement, modernisation and have further potential, structural
problems, and of unconventional construction. Farms, smallholdings, land,
pony paddocks, woodland, building plots, development sites, commercial
buildings, vacant property are all suitable.
Residential and commercial investments, redundant and distressed properties
also meet the criteria. At this time we will be able to recommend and
advise on the guide and reserve prices. Please contact our central Auction
office on: 01249 700737.
Auction dates
Once you have decided when you wish to have the property sold
we can advise of the nearest and most convenient date. We hold not less
than four auctions each year but we must always allow a period of sufficient
time to undertake comprehensive advertising so as to ensure maximum publicity
for your property. The Auctions are generally held in the Spring, Summer,
Autumn and Winter with additional dates as required. Provisional/firm
sales dates and venues are available on our website.
Confirmation of Instructions/Agency Agreement
Before we are able to proceed, we will require from you a signed copy
of our Agency agreement.
This sets out our terms and conditions for inclusion of your property
in the Auction. The terms of appointment will include our commission rate
if the property sells at Auction, is sold before or after the Auction.
It will also set out other charges and whether you will be liable for
these.
The terms of agreement will also include the Auctioneers right to:
- End or change the appointment
- Instruct your solicitor to prepare the legal pack and special conditions
of sale and to attend the Auction
- Act on your behalf in the Auction Room including signing the Memorandum
of Sale
- Manage things in the Auction Room including the bidding increments
- Sell the property at the reserve price or above
You will also have to agree procedures for the following with the Auctioneer:
- Amendments to the reserve and guide price
- Erecting sale boards at the property
- Exclusive advertising including costs
- Inspection by potential buyers
- Viewing times
- Proxy, internet and telephone bidding
- Identify the successful bidder, getting the deposit cheque and signing
the Memorandum of Sale
- Dealing with any unsold lots
The terms of appointment will include a warranty that the information
you have supplied, or has been supplied on your behalf, is accurate. You
also need to be aware of any disclaimers.
Both you and your solicitor need to see our general conditions of sale.
These are RICS Common Auction Conditions, see www.rics.org/propertyauctions
or our catalogue.
Anti-money Laundering Regulations mean that we have
to carry out money laundering checks, including proof of identify and
address, as soon as we can.
Entry fee
To offset part of our extensive marketing and Auction costs,
you will be required to pay an Entry Fee of £295 plus VAT at the
time of instruction. This fee also covers the cost of including your property
in our Auction catalogue and is non-refundable. If you withdraw the property
from the sale then a fee calculated on a time basis with a proportion
of advertising and other disbursement costs, with a minimum sum plus VAT,
will be payable by you.
Auction Particulars
We prepare draft Auction particulars. These may form part of
your Auction contract, and include any plans or photos of the property,
which must be as up-to-date as possible. The particulars must be factual
and accurate, complying with the Property Misdescriptions Act 1991.
You need to liaise with your solicitor to make sure you’ve revealed anything
that could affect the sale of the property to the Auctioneer – for instance
public health notices, local land charges, major arrears of rent or service
charge, or disputes.
As the Auction property is being advertised we will advise you about
the level of interest in your Lot and let you know if you get any prior
offers, unless the terms of appointment state otherwise.
Our marketing and advertising period commences about six weeks before
the Auction and our catalogue is available by post or to download
from our web site.
Viewing
Potential buyers will wish to view your land or property during
our marketing period. We normally arrange block viewings with our own
representative being present on pre-arranged days. It is likely that interested
parties will wish to arrange their own independent survey and valuation
which we will arrange on their behalf.
Auction Day
At the Auction, when the hammer comes down it signifies a binding
contract. The Auctioneer, his clerk or your solicitor will sign the Memorandum
of Sale with the buyer and collect the deposit. The completion date will
normally be 20 working days after the Auction unless stated otherwise.
Your property is guaranteed not to be sold below your reserve price which
we hope to well exceed and add another satisfied vendor to our already
comprehensive list. Our many testimonials are available for perusal.
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